Tucson Multitenant Office Complex on Swan Road Sells for $700,000

TUCSON, ARIZONA — The multitenant office building at 800 N Swan Road in Tucson sold to Lerdal 800, LLC (Swain Chapman of Chapman Management, managing member) for $700,000 ($70 PSF). The seller was a Canadian investment group from Ontario.

The 10,000-square-foot professional class B, office complex was built in 1982 on 1.13 acres and was 85% occupied at time of sale.

“It’s a very nice garden office property, perfect for small professional users,” Chapman commented. “Office suites range from 450 to 800-square-feet, geared for the small professional user.”

Tenants include The League of Women Voters, Acupuncturists, Psychologists and other professional uses in three single story buildings placed in a U-Shape with common courtyard.

The Real Estate Daily News publishes to highlight business and commercial real estate activity in Arizona. A daily publication that focuses on new residential and commercial developments, income producing properties and businesses relocating or expanding in Arizona.
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